The FY 2020 figures did not provide any surprises after the release of some preliminary figures after the cyber attack at the end of 2020. Besides the higher profitability coming in at the lower end of the range as guided, operating CF touched the high watermark levels.
Having listened to the investors call, the 2021 guidance looks well in reach as management guided for a slight head start and ruled out any margin erosion.
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Cautious or without ambitions?
The FY 2020 figures did not provide any surprises after the release of some preliminary figures after the cyber attack at the end of 2020. Besides the higher profitability coming in at the lower end of the range as guided, operating CF touched the high watermark levels.
Having listened to the investors call, the 2021 guidance looks well in reach as management guided for a slight head start and ruled out any margin erosion.